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Strategies & Market Trends : NetCurrents NTCS -- Ignore unavailable to you. Want to Upgrade?

To: fut_trade who wrote (633)	10/13/2000 9:51:06 AM
From: Patrick Slevin	Respond to of 8925

USD/Yen, you mean the YY Contract? When I trade the Yen I just trade the JY. To be honest decisions regarding the Yen, the Franc, and the Canadian Dollar (the three that I trade) are guided by a combination of the Neural Nets that I mentioned, with influence by Technical Analysis, point and figure charts and an attempt to guess how current news may affect the currency market. Personally, I find currencies very easy to make money on. I think I started trading them only a month or two ago, however. I did have a JY trade on early in the summer that I lost money on, but since trading them more actively using the ANN I have not had a loss in any of them. I would guess that I trade one or more currencies about three times a week, perhaps. Holding overnight most of the time. I do not think there is too much that is different from trading the Bond, for example. If you can transport your experience trading SP then currency should be easy for you if you rely on TA for SP. Not only that, but margin requirements are small. I think initial margin on the Canadian Dollar is perhaps $600 a contract and holding overnight an additional $450. The only thing that might upset some people is the tendency of some currencies to gap, as they are traded overnight as is the SP. that is more noticeable in the SF (particularly recently) and the JY than the CD.